STOCK TITAN

Sonoco (NYSE: SON) interim CFO exercises RSUs, withholds shares for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sonoco Products Company’s interim CFO Jerry A. Cheatham exercised restricted stock units into common stock on February 20–21, 2026. He acquired 2,240 common shares through RSU conversions, with 800 shares withheld at $56.45 per share to cover taxes. After these transactions, he directly held 5,385 common shares and indirectly held 2,259.39 shares through a 401(k) plan.

Positive

  • None.

Negative

  • None.
Insider Cheatham Jerry A
Role Interim CFO
Type Security Shares Price Value
Exercise Restricted Stock Units 1,925 $56.45 $109K
Exercise Common Stock 1,925 $0.00 --
Tax Withholding Common Stock 687 $56.45 $39K
Exercise Restricted Stock Units 315 $56.45 $18K
Exercise Common Stock 315 $0.00 --
Tax Withholding Common Stock 113 $56.45 $6K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 3,910 shares (Direct); Common Stock — 6,072 shares (Direct); Common Stock — 2,259.39 shares (Indirect, by 401k plan)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cheatham Jerry A

(Last) (First) (Middle)
ONE NORTH SECOND ST

(Street)
HARTSVILLE SC

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SONOCO PRODUCTS CO [ SON ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Interim CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2026 M 315 A $0.0000 4,260 D
Common Stock 02/20/2026 F 113 D $56.45 4,147 D
Common Stock 02/21/2026 M 1,925 A $0.0000 6,072 D
Common Stock 02/21/2026 F 687 D $56.45 5,385 D
Common Stock 2,259.39 I by 401k plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0.0000(1) 02/20/2026 M 315 02/20/2025(2) 03/01/2027 Common Stock 315 $56.45 325 D
Restricted Stock Units $0.0000(1) 02/21/2026 M 1,925 02/21/2026 (2) Common Stock 1,925 $56.45 3,910 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
2. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
By Elizabeth R. Kremer - Power of Attorney for Jerry A. Cheatham 02/24/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Sonoco (SON) interim CFO Jerry Cheatham report in this Form 4?

Jerry A. Cheatham reported exercising restricted stock units into Sonoco common stock and related tax-withholding share dispositions. The filing shows RSU conversions on February 20–21, 2026, resulting in additional directly held shares plus an updated indirect balance in a 401(k) plan.

How many Sonoco shares did the interim CFO acquire through RSU conversions?

He acquired 2,240 Sonoco common shares through RSU conversions, split between 1,925 shares on February 21, 2026 and 315 shares on February 20, 2026. Each restricted stock unit represents a contingent right to receive one share of Sonoco common stock upon vesting and conversion.

How many Sonoco shares were withheld for taxes in this Form 4?

A total of 800 Sonoco common shares were disposed of to cover taxes, with 687 shares withheld on February 21, 2026 and 113 shares on February 20, 2026. Both tax-withholding transactions used a share value of $56.45 per share.

What is Jerry Cheatham’s Sonoco share ownership after these transactions?

After the reported transactions, Jerry A. Cheatham directly owns 5,385 Sonoco common shares. In addition, he has indirect ownership of 2,259.39 Sonoco common shares held by a 401(k) plan, reflecting updated balances following the RSU exercises and tax-withholding dispositions.

How do the restricted stock units for Sonoco’s interim CFO vest?

The restricted stock units vest beginning one year from the grant date in three annual installments. The schedule is 33% of the award in year one, another 33% in year two, and the remaining 34% in year three, subject to applicable plan terms.

What transaction codes appear in Sonoco (SON) interim CFO’s Form 4?

The Form 4 uses code M for exercise or conversion of derivative securities and code F for payment of tax liability by delivering shares. M applies to RSU conversions into common stock, while F reflects shares withheld to satisfy associated tax obligations at the stated share value.